Data Science and Machine Learning (Theory and Projects) A to Z - Continuous Random Variables: Exponential Exercise 01

The video tutorial explains the role of Lambda in exponential distributions, highlighting its function as a parameter that affects the probability density function. Lambda is described as a rate parameter, often representing arrival or happening rates in real-world scenarios. The tutorial explores how different values of Lambda influence the distribution, emphasizing that Lambda must be greater than zero. Examples are provided to illustrate the effect of varying Lambda values on the distribution's behavior.

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